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Nov 26, 2012
11/12
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>> -- a millionaire's tax. is that what democrats are looking at? >> there are fantasies in both camps. on the one side, it is raising their rates on everybody who makes $250,000 will solve the problem. and the other side is the program that charles outlined. and then there is a third fantasy that the lobbying class in washington, which is much stronger than ever before, will simply be dead and not do anything to try to keep the loopholes they now have, or the preferences day out. >> will the democrats agree to a higher -- above $250,000? >> i do want to make a note aboutcharles's statement one half of washington being liberal. i thought that was a concession. >> if i were to think about the groupies, it would be three- quarters. >> we will talk about the groupies in the military later. i do want to say that nina is absolutely right. the reality is that you cannot do this painlessly. at the same time, all of the tribute that charles paid, and so deservedly so, to the reagan- o'neill plan had an element to that was truly an acceptable to every conser
>> -- a millionaire's tax. is that what democrats are looking at? >> there are fantasies in both camps. on the one side, it is raising their rates on everybody who makes $250,000 will solve the problem. and the other side is the program that charles outlined. and then there is a third fantasy that the lobbying class in washington, which is much stronger than ever before, will simply be dead and not do anything to try to keep the loopholes they now have, or the preferences day out....
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you know sharing information online in his case they believe that he used it when he was helping out tax transferred and distribute those files among members of all suck but because sexual predators can also use tor he's just as dangerous as them and so now he's going to be denied bail just last question and i mean bigger picture you know we sort of started off this statement talking about why this wasn't necessarily a great week for tech week yeah and not so much for type of but for people who use technology for example who have made it a part of their lives and for privacy rights i mean is there light at the end of the tunnel where we can hope like what really we've been seeing for the last couple of months there's so many efforts on a congressional level to try to pass cyber security legislation and we already know that congress is having a hell of a hard time on their part trying to do that so ideally we can we can rely on the court system to take these little discrepancies but it looks like we really can't right now but hopefully these cases are getting the media attention slowly bu
you know sharing information online in his case they believe that he used it when he was helping out tax transferred and distribute those files among members of all suck but because sexual predators can also use tor he's just as dangerous as them and so now he's going to be denied bail just last question and i mean bigger picture you know we sort of started off this statement talking about why this wasn't necessarily a great week for tech week yeah and not so much for type of but for people who...
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Nov 24, 2012
11/12
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KQED
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they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and making it easier than to compromise? >> that seems to be what it is. it seems to be a little bit of a tactic and maybe a sop to the base. a lot of conservative republicans are worried about what they see as republicans going squishy. because you have republicans saying that they are willing to abandon the grover norquist no ta pledge. you have republicans making very conciliatory noises about immigration reform. and so the base is concerned that the party is basically just going to go along with democrats on everything. so that may have been a way to reassure conservatives that he hasn't abandoned them. pete: all right, molly. everything here seems to be continued but this is certainly one of them. while avoiding the fiscal cliff will prevent the economy from sliding down into recess
they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and making it easier than to compromise? >> that seems to be what it is. it seems to be a little bit of a tactic and maybe a sop to the base. a lot of conservative republicans are...
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Nov 22, 2012
11/12
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CNNW
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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Nov 21, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> the diplomatic effort to halt the violence between israel and gaza further complicated after a bomb rips through a public transport bus in the heart of tel aviv injuring 24 people. though they didn't claim responsibility, a tweet from hamas militants to israelis following the attack quoting -- you opened the gates of hell on yourselves. authorities say 142 people
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the...
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Nov 23, 2012
11/12
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FOXNEWSW
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ male announcer ] this holiday, give your family the greatest gift of all -- peace of mind. with the adt after thanksgiving sale. get adt home security and home management starting at just $99. that's a savings of $300. plus 15% off accessories. call now or visit adtpulse.com/tv. sale ends midnight november 27th. more than a security system, adt can help you turn on a few lights. bring family in from the cold. even let you know when an old friend has arrived. get the advanced technology of adt and save $300. starting at $99 installed. pulse save on accessories. call now or visit adtpulse.com/tv. sale ends midnight november 27th. >>gregg: the cease-fire between israel and hamas seems
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ male announcer ] this holiday, give your family the greatest gift of all -- peace of mind....
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Nov 21, 2012
11/12
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that's how much tax payer money was spent on an oil painting of lisa jackson. but she is not the only one. thousands were spent on other department heads as well. >>> mall of america banning any one under the age of 16 from shopping line on black friday. children must be accompanied 13121 or older. >>> if you don't want to fight your way through crowds it is cyber monday. you can shop at home in your pajamas. personal finance vera givens. >> what kinds of deals? >> they are across the board. broader sales across entire categories across the entire site. it's not just about electronics. though you will find deals there. more about home goods, kitchen gadgets small appliances. good time to buy those on cyber monday. black friday they are 16 percent more expensive on average. >> you can get your blender cheaper on monday. >> talk about travel so many don't want to put together plans. >> creek co air is expected to run deal here. holiday and resorts.com is running a promotion if you stay tw for two norths nights you get one free. i was there to working with them ve
that's how much tax payer money was spent on an oil painting of lisa jackson. but she is not the only one. thousands were spent on other department heads as well. >>> mall of america banning any one under the age of 16 from shopping line on black friday. children must be accompanied 13121 or older. >>> if you don't want to fight your way through crowds it is cyber monday. you can shop at home in your pajamas. personal finance vera givens. >> what kinds of deals? >>...
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Nov 22, 2012
11/12
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. >> you can increase the estate and gift tax with a wealth tax of 1.5%. it should be graduated and progressive. the most important issue is to deal with wealth inequality. which is much more severe. getting worse, getting worse for the last 20 years, and the only countries in the world that have more than 10 million people, close to how bad it is, in this country are all in africa and latin america. >> we're not necessarily talking about someone who works really hard, an entrepreneur that works hard, you are talking about the people initially -- teresa heinz kerry, warren buffett, that's who will be hit the hardest? >> absolutely. the proposal had an exemption of proposals with up to $500,000 in wealth. that exempts most households right there. >> how did you draw that line? even on the bentley, people will say it has dents and it's not worst much. how do you have that? >> we have a lot of cheating with income tax and with a wealth tax, i'm sure people would try to cheat on that as well. we might have to have high slightly higher rates. but fighting wealt
. >> you can increase the estate and gift tax with a wealth tax of 1.5%. it should be graduated and progressive. the most important issue is to deal with wealth inequality. which is much more severe. getting worse, getting worse for the last 20 years, and the only countries in the world that have more than 10 million people, close to how bad it is, in this country are all in africa and latin america. >> we're not necessarily talking about someone who works really hard, an...
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Nov 26, 2012
11/12
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what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both parties. the one tax that goes up january 1, if there's a deal s payroll tax, which i think is wrong. republicans have a opportunity to be champions of the working class. >> kirsten, some democrats are saying let's go over the cliff. everybody's tax rates are going to go up and then the president in january can go to congress and say now it's 39.6% and whatever it is for middle class and i'll present a plan that will cut the tax rates of 98% of people, are you prepared now, when the rate is already up, to oppose that? >> the problem with that plan is it's dangerous because we don't know ho
what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both...
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Nov 23, 2012
11/12
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. >> reporter: daniel borikoff grades charities based on their own tax filings. those filings show over the past three years the nvf has taken in $22.3 million in donations and paid out $18.2 million to its fund-raisers brickmill and the parent company quadriga art. but he says the filings show a common tactic used by charities. part of the money paid brickmill and quadriga art was designated in tax filings to pay for educational awareness, promotional materials. those solicitations for donations that tell you all about the struggles vets have and why you should donate, that's the educational awareness and promotion material. >> the accounting is somewhat confusing to the public and so they could get tricked if they look at these tax forms or look at these superficial reviews of charities on the internet because what they're doing is they're calling that solicitation that makes you aware of the injured veteran a charitable program, but that's not what people want to pay for. people want to pay for, to offer substantial aid or assistance to wounded veterans. that'
. >> reporter: daniel borikoff grades charities based on their own tax filings. those filings show over the past three years the nvf has taken in $22.3 million in donations and paid out $18.2 million to its fund-raisers brickmill and the parent company quadriga art. but he says the filings show a common tactic used by charities. part of the money paid brickmill and quadriga art was designated in tax filings to pay for educational awareness, promotional materials. those solicitations for...
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Nov 21, 2012
11/12
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what are you willing to commit to if you get the tax cuts the president and party is demanding? >> sure. well, we have got to reach across the aisle and with the fiscal cliff, both sides have to put everything on the table and do what's best for all mitt romneys and that's not just me talking about it. that's what i heard continually from the people in my district and that's a big reason of why we won the race. my way or the highway doesn't work in politics. we have to be serious about getting our country back on the right track. >> congressman, you're part of a changing demographic. the house democratic caucus is no longer majority white male. women and minorities and people such as yourself now are the majority of this caucus. how's that going to change decisions that are made? >> well, it is historic and i am proud to be among a new, diverse congress that will -- that really reflects all of america. you know, we were elected to be the voice of america and to represent their issues. and, you know, as someone who grew up here in las vegas, my district is very diverse. we have 2
what are you willing to commit to if you get the tax cuts the president and party is demanding? >> sure. well, we have got to reach across the aisle and with the fiscal cliff, both sides have to put everything on the table and do what's best for all mitt romneys and that's not just me talking about it. that's what i heard continually from the people in my district and that's a big reason of why we won the race. my way or the highway doesn't work in politics. we have to be serious about...
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Nov 22, 2012
11/12
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tax the rich? no, tax the wealthy. wealth is something you build over time. shows itself in the forms of superexpensive assets. mansions, boats, expensive wine. 41 days from the fiscal cliff and bitter partisan deadlock, we want to test drive another idea, where the wealthy would pay more, but tax rates on people who work might not go up. is this the buff rhett rule really should have been? we have david altman, and daniel, great to see you. what is amazing to me, reading your proposal here, that would tax the wealthy as opposed to the rich, it's against the constitution right now to tax wealth in this country. >> that's right. can't have a direct tax like that. we needed a constitutional amendment to get the income tax back, so we need another amendment. it's 100 years later, let's update for the 21st century. >> i want to change the voting day. i'm all for it. let's break down your math. if we taxed wealth, where people accumulate over time. 2010, 58 trillion dollars. if you put 1.5% tax, $870 billion. that's a lot of money. more than we got on income tax t
tax the rich? no, tax the wealthy. wealth is something you build over time. shows itself in the forms of superexpensive assets. mansions, boats, expensive wine. 41 days from the fiscal cliff and bitter partisan deadlock, we want to test drive another idea, where the wealthy would pay more, but tax rates on people who work might not go up. is this the buff rhett rule really should have been? we have david altman, and daniel, great to see you. what is amazing to me, reading your proposal here,...
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Nov 21, 2012
11/12
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no new taxes pledge. grover norquist's pledge. but now with the fiscal cliff looming, lawmakers who were once staunchly against raising revenues seem to be changing their tone a little bit. and grover norquist's influence may be fading fast. >> fewer and fewer people are signing this pledge. >> the pledge is dead. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out. >> if you appropriate some of the money you achieved by eliminating deductions and loopholes to the national debt, even though that may technically violate the pledge, sign me up. that's a reasonable accommodation for a republican to make. >> jennifer: for the record, that was senators john mccain and lindsey graham so the question is this grover norquist's last stand? here with an answer is donnie fowler. donnie of course, democratic strategist and great political operative. welcome back into "the war room." is it grover norquist's las
no new taxes pledge. grover norquist's pledge. but now with the fiscal cliff looming, lawmakers who were once staunchly against raising revenues seem to be changing their tone a little bit. and grover norquist's influence may be fading fast. >> fewer and fewer people are signing this pledge. >> the pledge is dead. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out....
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Nov 21, 2012
11/12
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the tax money, he said, could come from reducing deductions. >> we collect $2.2 trillion in taxes but we give away half of it in credits and deductions. >> pelley: the mortgage deduction for example... >> oh there are all kinds. >> pelley: ...charitable deductions. >> there were like 169 different ones used in, i don't know, 2008 or 2009, somewhere in there. >> pelley: but when republicans say "we will not allow tax rates to be increased" you say what? >> well, that's where you start to get into the-- i guess the word parsing that i said one of my other warnings from simpson- bowles is that i'm not a political savant. so some of this stuff i just don't quite get. but the fact is you need more revenue. >> pelley: when it comes to cutting the budget, where does that money come from? >> the big nut is going to have to be medicare/medicaid. and even though people don't want to talk about it... >> pelley: you're not a politician, are you? >> ( laughs ) no. you can't avoid the topic. especially with the baby boomer generation retiring. it will literally crush the system. >> pelley: cote tol
the tax money, he said, could come from reducing deductions. >> we collect $2.2 trillion in taxes but we give away half of it in credits and deductions. >> pelley: the mortgage deduction for example... >> oh there are all kinds. >> pelley: ...charitable deductions. >> there were like 169 different ones used in, i don't know, 2008 or 2009, somewhere in there. >> pelley: but when republicans say "we will not allow tax rates to be increased" you say...
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Nov 23, 2012
11/12
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value that seems incredibly inflated when they are written down on charity tax returns. take the spca international, a group that's raised $27 million to supposedly help soldiers and their pets. the group's manager wouldn't tell us anything about the money. >> no, i'm not going to reveal that. none of it. i can't answer any of your questions right now. believe me, i would love to. >> reporter: but on its tax returns, we did learn about a shipment of animal medicines the spca international donated to an animal welfare group in nepal. cnn was provided with the invoice. it shows an itemized list of drugs that the charity values at $816,000, a huge gift in kind. but when the gift arrived in nepal, the charity receiving the drugs valued them for customs purposes at a mere $2,500. tidwell arranged the shipment. how can it be $816,000 here and $2,500 there? >> the value that's placed on something according to law is placed according to the exit market. it would be what you would have to pay for it in the place that it's exiting. and the -- the fact that they might be able to pu
value that seems incredibly inflated when they are written down on charity tax returns. take the spca international, a group that's raised $27 million to supposedly help soldiers and their pets. the group's manager wouldn't tell us anything about the money. >> no, i'm not going to reveal that. none of it. i can't answer any of your questions right now. believe me, i would love to. >> reporter: but on its tax returns, we did learn about a shipment of animal medicines the spca...
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Nov 24, 2012
11/12
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tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an itemized list of his spending cuts he's prepared to put on the table before asking american people to pay taxes. i mean, it's simple. when you have a credit card debt and you don't ask other people to pay for it or you don't borrow money to pay the interest on it, you make hard choices on your discretionary spending from a weekly basis or a monthly basis, this is just a business that's been run poorly and it's-- >> would you agree the president doesn't have a terribly good track record when it comes for proposals for b
tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an...
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done anything wrong at all that or end up being with these high prices which are sort of a regressive tax actually if you think about it. so that's one thing that i would say the other thing i would say is that approximately sixty percent of the people in jails around the country are unconvicted so they haven't they haven't been to trial they have been convicted of anything and they're still being forced to pay these high rates so you know i would respond to people by saying that it's mostly the families of people in prison that pay their rates and their knees and there's even a good portion of people in jails that have nothing convicted of an interest and want to ask i don't know if this is a way to get around over what about collect calls on people with family members and presents a generally receive collect calls is that a different system is that a way to circumvent these higher rates know the high rates apply to both the collect call and the prepaid calls most calls made from prisons in jail or collect and the rates are the highest for the collect call them the other way that prisone
done anything wrong at all that or end up being with these high prices which are sort of a regressive tax actually if you think about it. so that's one thing that i would say the other thing i would say is that approximately sixty percent of the people in jails around the country are unconvicted so they haven't they haven't been to trial they have been convicted of anything and they're still being forced to pay these high rates so you know i would respond to people by saying that it's mostly...
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Nov 21, 2012
11/12
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we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half ago the congress and president and senate didn't do this work and pushed it up against a deadline. the reason you don't know what is happening with the state guidelines, they had a healthcare claw lau for two years. i know you are a member of congress but nobody is doing any work to get anything done. frankly if you don't know what the rules are, how can you set up the exchange on the promise they are going to do it right later and they don't have a history of doing things right? >> i don't think they're going to have the money to do it in the first place. we're in
we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half...
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Nov 23, 2012
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incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total deductiones by any one tax paper. in addition to rate increases, president obama last his own plan on deductions to limit them to 28%. >> so, in other words, if you were in the 35 or the 33% tax bracket. you could only deduct 28% of the cost of say, charitable contributions. >> charities don't care what form it takes, they are so worried about any tax plans targeting the wealthy, representatives of dozens of charities will converge on washington on december 5th to urge lawmakers to spare charities whatever they decide to do. gregg? >> gregg: jim angle in washington. thanks. some holiday shopper also be able to get same day delivery on the post office. they will launch that in san francisco cost 10 bucks. you have to order online by 3:00 p
incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total deductiones by any one tax paper. in addition to rate increases, president obama last his own plan on deductions to limit them to 28%. >> so, in other words, if you were in...
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Nov 21, 2012
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january 1 comes and basically back before the bush tax cuts. and then everything becomes a negotiation of what then becomes added to a tax cut, not removed from a baseline. that may be politically very viable. >> gentlemen, thank you. martin, thank you. >> thank you. >> keith, zachary, happy holidays to all three of you. you're right in front of me. breaking news to pass on right in front of me about congressman jesse jackson jr. resigning from congress. house speaker boehner's office confirming they have received jackson's resignation letter. more details on this after the break but again, congressman jackson jr. is resigning after just winning re-election there in his illinois district. we are back with much more after this. >>> it's time for the "your business" entrepreneur of the week. christine wants you to shop small. the onner of wonder works believes in cooperation instead of competition. she has a section dedicated to locally made products to make sure that her customers dollars stay local. for more watch sunday mornings at 7:30 on msn
january 1 comes and basically back before the bush tax cuts. and then everything becomes a negotiation of what then becomes added to a tax cut, not removed from a baseline. that may be politically very viable. >> gentlemen, thank you. martin, thank you. >> thank you. >> keith, zachary, happy holidays to all three of you. you're right in front of me. breaking news to pass on right in front of me about congressman jesse jackson jr. resigning from congress. house speaker...
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they are collecting all the taxes the qatari government collects only five per cent of all taxes collected in catalonia then they give us back very. money and they don't pay your their debts and then with the markets that are close to debts two for interest we need this in general then at the end he was forced to ask for a bailout to the spanish government but this is something that is very tricky putting the first to put the tax issue aside we had an under formal report little earlier that there's a strong lobby against separatism and particularly a business lobby saying this would be a disaster for us we wouldn't be able to do business with spain itself we'd also not be able to do business with the e.u. until we actually join the e.u. if that's likely to happen in the short term this really could undermine confidence not just in catalonia but also spain itself and it's possibly the worst time to do this is not what this week is that these are red campaign that they are doing. directed by the union is not in your nearest star to sing in catalonia and in massively from madrid now the fact
they are collecting all the taxes the qatari government collects only five per cent of all taxes collected in catalonia then they give us back very. money and they don't pay your their debts and then with the markets that are close to debts two for interest we need this in general then at the end he was forced to ask for a bailout to the spanish government but this is something that is very tricky putting the first to put the tax issue aside we had an under formal report little earlier that...
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if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days. so this is gimmick. we need to be able to articulate that. we need to listen to the federation of independent businesses that we protect them so we can production and manufacturing once again and economic growth. >> alan west, i sure appreciate it. next, why does al gore want to get his hands on the video of a fire tornado. the man explains why, he won't give it up coming up. >>> you may have seen this stunning of a fire nado by independent videographer. this also caught the eye of pal al gore and protector of the planet and his office has been putting to license on the footage to put their baseless global warming agenda on the rest of us. sean recently sat down the man in question and not so fast to the vice president. >> joining us is chris, welcome to hannity. thanks for being here. >> thank you very much. >> sean: let's take a look and we'll show this fire tornado and while we're showi
if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days. so this is gimmick. we need to be able to articulate that. we need to listen to the federation of independent businesses that we protect them so we can production and manufacturing once again and economic growth. >> alan west, i sure appreciate it. next, why does al gore want to get his hands...
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producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has into insisted public services into austerity cuts. this is not fair i mean we are the ones. you are. doing our best in mccormick reasons we cannot have all the weight of this measure and the central government that for us is the one who is spending the most and not in the best way last september barcelona witnessed one of the largest separatist rallies here since the nineteen seventies over one and a half million catalans took to the streets to call for independence but the path to becoming a new european state is far from smooth the proposed referendum is against the spanish constitution what's more withdrawing from spain could also force this region to draw back to the european union those against separatists and believe it could do more harm than good. symbolism for going alone or would be an economic disaster multi-national companies located in barcelona for access to the spanish work it and being in the e.u. that would be lost which more even
producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has into insisted public services into austerity cuts. this is not fair i mean we are the ones. you are. doing our best in mccormick reasons we cannot have all the weight of this measure and the central government that for us is the one who is spending the most and not in the best way last september barcelona witnessed one of the largest separatist...
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have really we live facing this tax burden from the spanish state on the spanish state machinery are trying to fear campaign cancel and so we are european see the signs and know there's not such a presser that that the we would be out of the european union and seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out and says not a consideration and we don't believe we're going to be out of the european union like a scotland are not going to be outside european union just because we are exercising universal rights as is the universal right of such a nation. we're talking of the most here. coming up in a few minutes it's made only of modern tie is but often is the opportunity to report from a small makeshift beda when school solenn that's. the mission taking the children only place to study social grace. waves of corruption are rocking russia hundreds of millions of dollars vanished for apec building projects and russia's got a nice satellite project a real estate scandal has also led to the defense m
have really we live facing this tax burden from the spanish state on the spanish state machinery are trying to fear campaign cancel and so we are european see the signs and know there's not such a presser that that the we would be out of the european union and seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out and says not a consideration and we don't believe we're going to be out of the european union...
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the tax fight gets shorthanded as raising taxes on rich people. but the first $250,000 of income will be taxed the same as it is now. it stays the same. no additional taxes. no matter how much additional money you make beyond that fresh hold. you may pay a higher rate over $250,000, but purposely reducing your income to under a dollar, is hilarious. so consider had a public service announcement to people of means. or if you prefer, to moneyed americans. if somebody tries to reduce you to reducing your income on purpose to $249,999.99, if somebody tries to talk you into doing that, they are teasing you. it's a hoax to tease you for not understanding math and how taxes work. if you're not a person of money but you know such a person fallen into this trap, it's your choice to leave them floundering for your amusement while they purposely reduce their income to no rational effect. or you can do the right thing and help them understand how marginal tax rates work. class warfare is just a >>> a few months after president obama was inaugurated in 2009, t
the tax fight gets shorthanded as raising taxes on rich people. but the first $250,000 of income will be taxed the same as it is now. it stays the same. no additional taxes. no matter how much additional money you make beyond that fresh hold. you may pay a higher rate over $250,000, but purposely reducing your income to under a dollar, is hilarious. so consider had a public service announcement to people of means. or if you prefer, to moneyed americans. if somebody tries to reduce you to...
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the people of spain's mice prosperous and most tax region will choose a new parliament on sunday their choice could ultimately decide whether to cut the loan e.-l. will remain a part of spain or go it alone after being stricken by the financial demands of central government. has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially our spring independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i think it's a good idea to be in the band them from. a country. which is. really really bad situation it's a bargain for. it's a bargain for the group good god cats and i'm flags can be seen hanging from balconies throughout barcelona reflecting a growing desire for home rule under a drive to break away from the central government in madrid this weekend's local election is being fought on that issue alone catalan president for mass has made it the centerpiece of his campaign this convergence union party to hold an inde
the people of spain's mice prosperous and most tax region will choose a new parliament on sunday their choice could ultimately decide whether to cut the loan e.-l. will remain a part of spain or go it alone after being stricken by the financial demands of central government. has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially our spring independence is something people...
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the occupation and feel so helpless because you know we're paying over three billion dollars of our tax dollars to fund the israeli military. and the occupation essentially and really this divestment and as if the so important for people to really take a nother role to protest these corporations are there any corporations that people should be looking out for and also these corporations have a stake in maintaining the ob occupation in terms of influencing on the u.s. government i know that there's a lot of corporate c.e.o.'s who sit on think tanks that also draft policy prescriptions you know about any sort of corporate influence and maintain this occupation and i'm sure and let me actually start by saying that is one of the things that so brilliant about the boycott divestment and sanctions p.d.s. is the acronym that you'll hear. more and more i think the b.d.s. movement really empowers people to take action the idea is that all of us are are able to and the complicity of ourselves personally in terms of our own of our investments our own choices in the kinds of products that we buy an
the occupation and feel so helpless because you know we're paying over three billion dollars of our tax dollars to fund the israeli military. and the occupation essentially and really this divestment and as if the so important for people to really take a nother role to protest these corporations are there any corporations that people should be looking out for and also these corporations have a stake in maintaining the ob occupation in terms of influencing on the u.s. government i know that...
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tax credit for low-income families, the payroll tax cut, that's just a few of them out there. what would the tax hikes mean for the average american? i mean, the economic impact, would that be felt immediately? >> obviously there's going to be a big impact here. when you total all the cuts set to expire, the tax hike is something like $400 million. they will not hit the same people but it is a hefty number. this is certainly something the average american would feel a whole lot at home. and to your point earlier, i think it would be interesting as there doesn't seem like there's a whole lot of movement. it is not clear how to get past the log-jam we have now where it doesn't seem anyone is willing to put anything on the table that will actually lead to a conclusion in this. there's a lot of back and forth but no real movement going on at the moment. >> bob, do you think it will be what we have seen so many times on capitol hill, which is pushing this to the 11th hour-plus and they get something done because of pressure? do you think that will happen? >> sure. i think that's be
tax credit for low-income families, the payroll tax cut, that's just a few of them out there. what would the tax hikes mean for the average american? i mean, the economic impact, would that be felt immediately? >> obviously there's going to be a big impact here. when you total all the cuts set to expire, the tax hike is something like $400 million. they will not hit the same people but it is a hefty number. this is certainly something the average american would feel a whole lot at home....
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even to have its own sources of income it's only you taxes that of course is pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more money. while europe's ruggles to find a common way forward some regions are looking for ways to go it alone in spanish cut the line and people are set to go to the polls to elect a regional government which could see a referendum on its independence artie's enter farmer has the details. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially aspirate independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i t
even to have its own sources of income it's only you taxes that of course is pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where...
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control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more money as europe is struggling to find a common path separatist feelings are growing in some regions and they certainly seem to be dominating the local elections in catalonia or over half of the residents say that they want to make an independent state this with economic turmoil exasperating desires for sovereignty artie's andrew farmer is in barcelona for us well the polls have opened today in an election which could represent a step towards any final break up of spain and it is because the cattle i am president are the masse
control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people...
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so they want extension of current tax rate and spending levels. >> it seems a prudent course of action is figure out a bridge that takes us for some for of time. avoid issues fruition on january 1. >> the top republican said jeff sessions sent this letter to the top four leaders in congress saying if they are planning extension of unemployment insurance, offset for the changes must be achieved through real safings. not gimmicks like baseline saving from future war spendings that is not expected to occur. the markets won't reout well to staying the course. >> the worst thing that can happen is we put a temporary fix in. deal with it next year. >> senator joe manchin says it's important for washington to seize the moment. >> i believe with the election behind us ve a short period to do something monumental for country and generation. i hope we take advantage of it. i do. >> the uncertainty led wal-mart and other manufacturing companies to decide to pay quarterly dividends in december instead of january. threat of massive spending cut led to boom for lobbyists. the web site open secrets r
so they want extension of current tax rate and spending levels. >> it seems a prudent course of action is figure out a bridge that takes us for some for of time. avoid issues fruition on january 1. >> the top republican said jeff sessions sent this letter to the top four leaders in congress saying if they are planning extension of unemployment insurance, offset for the changes must be achieved through real safings. not gimmicks like baseline saving from future war spendings that is...
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region itself a rich pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government that actually receives back in terms of investment from from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through this referendum otherwise he would be forced to form some sort of coalition there is a sticking point too in that the referendum is actually against the spanish constitution and the spanish prime minister. has said he will fight it with some elements of the spanish media are actually saying that after mass could find himself arrested so nothing is clear cut at the moment and even though opinion polls do suggest that the majority of people are in favor of independence there is a strong lobby who are against separatism and their arguments are based on the economy too they say that if catalonia is forced
region itself a rich pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government that actually receives back in terms of investment from from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through...
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we have facing this tax burden from the spanish state and. who do all of that sort of draw all the trade and export be severely damaged if catalonia did lose its e.u. status and that's what many businesses are worried about are they. well we have to understand that actually spain now ordered it on the spanish state machinery and trying to fear campaign cancel and so we are european cities and no there's not such press of that that we would be out of the european union seven a half million of people suddenly in a house that would be more difficult actually to manage who to order what is necessary to be out and it's not a consideration and we don't believe we're going to be out of the european union like a scotland i'm not going to be outside the european union just because we are exercising universal rights as he's the grosser right of subtlety to nation talk about democracy and catalonia of course is a major contributor to the spanish economy if it moves away from spain then court of course that would have a major impact on the spanish econom
we have facing this tax burden from the spanish state and. who do all of that sort of draw all the trade and export be severely damaged if catalonia did lose its e.u. status and that's what many businesses are worried about are they. well we have to understand that actually spain now ordered it on the spanish state machinery and trying to fear campaign cancel and so we are european cities and no there's not such press of that that we would be out of the european union seven a half million of...
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far more in taxes to the central government and actually gets back into massive investment from madrid in this at a time when unemployment is at around twenty five percent and many people are having to endure very tough cuts so they believe in essence that they can govern the economy better themselves and would be better off. as an independent state and break away from spain but that is on the condition for many people that catalonia manages to stay in the you some people do you fear that if it does to withdraw from spain it would be forced to withdraw from the e.u. and that would not be good for the economy so if that turns out to be the case and they do have to drop out of the european union then perhaps many people would prefer the status quo. and r.k. from the european partnership independent i spoke to her a little earlier she explains that fears of exclusion from the e.u. are part of madrid's efforts to cripple the catalans independence argument the spanish state machinery and trying to fear campaign cancel and so we are european cities and no there's not such stress of that that
far more in taxes to the central government and actually gets back into massive investment from madrid in this at a time when unemployment is at around twenty five percent and many people are having to endure very tough cuts so they believe in essence that they can govern the economy better themselves and would be better off. as an independent state and break away from spain but that is on the condition for many people that catalonia manages to stay in the you some people do you fear that if it...